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20121027
20121104
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WMPT (PBS) 19
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Search Results 0 to 18 of about 19 (some duplicates have been removed)
-- the combination of tax hikes and government spending cuts scheduled to take affect in january. our market monitor this week says plan now for higher taxes soon, and higher interest rates eventually. duncan richardson is chief investment officer at eaton vance management. he joins us from that firm in boston. duncan, i take it you're a pessimist in regards to avoiding the fiscal cliff that we're going to go over? >> not really a pessimist. i think the fiscal cliff is going to be more of a fiscal slope, but there will be a tax element to it. i think because we're starting at such a low level of tax rates, we're very likely to have higher taxes either immediately with the expiration of the payroll tax and potentially on capital gains and dividends in 2013 and beyond. >> tom: how should invests approach that, invest on what tax rates may be next year? >> not really. but there are great costs to be avoided by lessening the tax drag on your investment. positioning your portfolio and making sure you're in sthooks can outperform in a rising interest rate environment-- which is another thing we're worried
and taxes. and perhaps no issues matter more to millions and millions of voters. so that's where we begin tonight. >> four million jobs. >> five million jobs. >> twelve million new jobs. >> twenty three million new jobs. >> good jobs. >> manufacturing jobs. >> part time jobs. >> jobs of the future. >> president obama repeatedly touts the fact that private employment has now grown every month for the past two and-a-half years. >> and what i want to do, is build on the five million jobs that we've created over the last 30 months in the private sector alone. >> mitt romney regularly belittles the president's inability to bring the unemployment rate down to much below eight percent and insists he would do better. >> it's not going to be like the last four years. jobs have been too scarce. i know what it takes to bring them back, and i'm going to do that and make sure you get a job. >> but experts say neither candidate has a quick fix for america's sluggish job market, at last count there were an estimated 23 million americans looking for a job or for more work. >> we're dealing with mass unem
by conservative faith in lower taxes and less regulation. >> those people in this country who want real change from day one are going to vote for paul ryan and myself, and i need your help. [applause] >> how does america change if mitt romney is president? >> america chances in two significant ways. the first is he does try to do a tax reform that's long overdue. we haven't had a significant tax reform since 1986, and the second is, waste the future of the safety net and the old wage and low-income programs? it's a very different vision there. >> in the waning hours of his bid for the white house, mitt romney has pitched himself as a candidate of compromise. he talks about working with good democrats to get america moving again. and it is exactly what this bit earl divided country really -- bitterly divided country really needs. but there's a hitch. his priorities may make that compromise simply impossible. >> what the court did not do on its last day in session, i will do on my first day if elected president of the united states, and that is i will act to repeal obamacare. >> mr. obama's expe
's a consequential difference. they know that president obama is going to increase taxes, where, where governor romney is not if he's elected president. that's an important issue distinction. coming into the last debate, the annenberg survey showed that the public thought that governor romney was more likely to take the country into a war, than was president obama. but the public also believed that president obama had gone around the world apologizing. now in the last debate, governor romney reassured that he was not as likely to take people into war as they had thought in that debate. and i think that was a calculated strategy on his part. now, you could say, "and it was illegitimate. you secretly know that he was more likely." but nonetheless, what we can measure is whether they get what he said he was going to do in the context. and i think that president obama responded to the apologizing around the world claim in a number of ways that were effective as well. and i think one of the things that we can say about debates making a difference is that, had there been debates in the goldwater/john
as an out of touch plutocrat with secret tax returns and offshore bank accounts. >> rose: why did they let that happen? >> well. >> i mean it is a great question. if they win it will hook like they amended it brilliantly, right in so, and i think he had a decent chance to win. i think they believed they were difficult attacks to respond to and attacks they didn't have the resources to respond to at that point. >> rose: because at that time super pac money hadn't kicked in? >> the campaign itself then't have money because they had to spend only money for the nomination and hot the election. >> rose: so in other words it could only kick in after the nomination? >> right. but there are other variables include governor romney wasn't comfortable doing the kinds of things they did at the convention. i mean, one of the big mysteries which i still have not unraveled is at the convention, you had testimonials from these families who dealt with governor romney when he was engaging in, engaging in extraordinarily generous and personal acts of kind tons their family, we didn't see him before the conve
put forward a carbon tax plan early in the administration, but that ended up floundering in congress -- put forward a carbon cap plan. he has done other things in terms of increasing auto fuel efficiency, things in terms of back door, policies, but he clearly has not taken on this problem the way he had promised to back in 2008. >> you have written about the need for more research into climate change so that we can understand where these storms come from, but also more comprehensive response from america in terms of dealing with its infrastructure. we have seen the infrastructure problems caused by hurricane sandy. >> that is clearly true. you have 3.7 million americans who live within just a few feet of high tide. those are the people who are always vulnerable when you have a big storm like this one. you have new york city youth -- losing huge parts of its infrastructure, losing electrical service, losing subways because they were flooded. it is not just a matter of trying to prepare in the sense of being able to respond to the storm, but thinking about how we build cities and elect
to send a message to washington: stop spending money we don't have. how can we afford this tax? ...big corporations and the richest two percent. >> what's at stake is the future of america. >> it costs us, and taxes us, too much. >> american future fund is responsible for the content of this advertising. >> ryssdal: i knew right away this wasn't going to be the usual story on campaign finance. one of the first surprises was finding myself driving the dark streets of denver with attorney alan schwartz, who shared kind of a strange experience. >> it was early january of 2011, and my wife, who had just been reelected to the colorado state senate, got an e-mail from someone who claimed to have some information about a group that had sent out some attack ads against my wife. >> ryssdal: the guy said he had some documents, and a week later... >> i heard from this individual again. still not identifying himself, but telling me that if i wanted to see the documents, then i needed to get them that day. >> ryssdal: had to be that day. >> had to be that day. >> ryssdal: schwartz agreed to meet th
, the fiscal cliffs. when we get a solid policies that's predictable the economy grows. and when we have tax reform we get tax rate downs that estimate-- stimulates incentives to hire people t really is basic economics. that why this is tragic. applying basic economie economies-- economics we could do a lot better. >> brown: austan goolsbee, dow want to comment on what the president you work for has done. >> i will just say is we can agree on the basic economics but i think professor taylor has his history a little backward on that. in the 1990s bill clinton raised exactly the high income tax rates that barack obama wants to return the rates to. and the 2000s which he did not mention when george bush followed the policies very similar to what mitt romney is proposing, they actually added more than 1 million fewer private sector jobs if george bush's first term than president obama has under his first term so i really do not think that the basic economics or the history says that just going back to deregulation and high rate-- high income rate cuts is the thing that leads to growth. >> brown:
in terms of the economy and what they would do because i think there's two different roads on the tax bill. and they turned the foreign policy debate time and time again back to the debate. foreign policy was much more sort of mood music, who do you trust. and the first debate, the reason i think that might have been so damaging to the president is that it was about largely, about the economy, and he didn't seem to be fighting enough and, you know, he says to mitt romney, the math doesn't add up, romney says that's not true, my math adds up, and he was fighting and i think that makes a big difference to people. gwen: briefly, i just want to end up by talking about this issue because it seems to have boiled down this week to status quo versus change. four years ago broke -- barack obama was the change guy. how does that boil down in the next two weeks? molly? >> they just keep having the argument. gwen: really? oh, good. oh, joy. >> anything new at this stage? that's dangerous. >> i think you see romney focusing more on the personal and likability. he passed the debate test. he proved himse
all of the personal tax messages are for. i have a shower for later today, tomorrow morning, tomorrow night. >> it gives me a day off in the middle of the week, so i'm not completed to but -- so i am not complaining too much. >> i was kind of scared. the power went out. there was a huge explosion. so, we just crashed on the couch and the floor. we are kind of young. we only had some aspect of it. school was canceled. it is kind of surprise in the under crowd, i think. -- it was kind of surprising the younger crowd, i think. >> the city without power. thankful that there is not been an even greater loss of life. that brings us to a close. remember, you can get updates on sandy's i aftermath anytime on our website. thank you so much for watching. from all of us here, i will see back. -- i will see you back here tomorrow. >> make sense of international news at bbc.com/news. >> funding for this presentation is made possible by the freeman foundation of new york, stowe, vermont, and honolulu. newman's own foundation. and union bank. >> >> at union bank, our relationship managers use their
on coal. i'm not in favor of a $5 trillion tax cut. that's not my plan. my promise... >> read my plan. eporter: but we're not seeing this stuff at random. we're being targeted. behind the scenes, teams of digital gurus have been studying us and tracking us to deliver tailored video ads, phone calls and strategic door knocks. this could be the year that digital strategies decide what is shaping up to be a razor-close election. but who is watching us? and how much do they know about us? i'm on the hunt for answers. first stop: washington d.c. just a few blocks from the capital tucked away in a non-december crypt building is one of the nation's leading providers of political intelligence. it's called aristotle. the data they gather and sell, our personal information, is big business. and it's the life blood of the digital campaign. without it, no modern presidential campaign can survive. >> this place has metal doors, security cameras, biometric sensors. i'm going to have to try the doorbell. >> reporter: aristotle is a nonpartisan company in a small, mostly partisan industry. they're fe
, lawmakers have a chance to boost the economy by reaching an agreement to extend expiring tax cuts and ease looming spending cuts; or they can jump off the so-called fiscal cliff and see if the economy follows. darren gersh, nbr, washington. >> tom: retail sales moved higher in october as retailers closed their books on the month before sandy rushed ashore. macy's surprised with a better than expected 4% sales gains; kohl's and target also fared well. warehouse store costco was up 5%, while nordstrom was the standout. the high-end retailer posting a near 10% sales gain. >> susie: and auto sales moved higher in october, despite hurricane sandy crimping sales in the final days of the month. sales at g.m. rose almost 5% on strength in its cadillac and buick brands. at ford, sales barely budged, up just four tenths of a percent. the auto maker believes the massive storm cost the industry as many as 25,000 sales in the last three days of the month. chrysler was up 10%, led by its ram pickup truck. toyota's sales were up 16%, while honda gained about half that. also from ford today, some manageme
of these spending cuts an tax increases that would otherwise happen at the end of the year? if it's mitt romney who gets elected, i think -- you know, he doesn't have that kind of plan on the shelf. we all know how big his economic plan has been in this campaign. i think there will be -- he will ask for and probably get agreement to as they say kick the can down the road. >> assuming the house stays where it is. >> they talked about delaying things for a year to give him time to put down his plan. >> to me the question is if we have an obama victory does senator mitch mcconnell come out chases saying look, it's time to cut the deal? and also what does paul ryan think. he will be the darling of the republicans. gwen: do we think that the well of the executive branch can be unpoisoned? >> i think so. i'm reasonably optimistic about the prospects that -- once we put the campaign 3w450eu7bd us, something's going to happen. it will be easier if obama is re-elected. boehner returns as speaker and harry reid returns as the senate leader because they've been in this before. i think president obama would ca
provides in order to pay for it. democrats tend to want to tax a little more for that or add to the deficit because of the emergency. >> ifill: chris christie as the governor of new jersey who the president will be traveling with tomorrow looking at hurricane damage, you can only assume that that will be many levels interpretation of that particular meeting. he said he would like to reschedule halloween but it's not possible to reschedule an election, is it? >> it is technically possible to reschedule elections on a state-by-state basis but i don't think we're going to need that. the date on which the election is held actually set by federal law rather than the constitution. congress could change that date. there's actually provision for, if a state doesn't get its vote in on time, basically for the state legislature to make a decision about which electors to send to vote for president. so there are actually ways for that to happen. i just don't think anybody is that the a point right now. >> ifill: if you're in massachusetts or connecticut and your constituents don't have power, they're no
he even opposes a clean energy tax credit for wind. obama, i think, is just misreading the polls entirely. the latest polling shows that -- i think ken is right. when global warming becomes local that the public becomes concerned about it. that's why the polls in the last two years have shown the public is increasingly concerned and this is particularly true of independent voters also. they are very concerned about their local pollution but also the extreme weather that they've been seeing. who could miss $14 billion extreme weather disasters in this country last year and over $7 this year. everyone sees the weather is going crazy and it's affecting them. it's not going to be affecting distant people in a distant land a distant time from now. it's happening here and now. >> suarez: joseph romm, kenneth green, gentlemen, thank you both. >> thank you. >> thank you. >> suarez: we've rounded up all of our reporting on these issues on our "coping with climate change" page on our web site. take a look. >> ifill: and we turn to the final days of the presidential contest. among the key s
Search Results 0 to 18 of about 19 (some duplicates have been removed)